W. R. Berkley (WRB) to Release Earnings on Tuesday

W. R. Berkley (NYSE:WRB - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $1.49 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

W. R. Berkley (NYSE:WRB - Get Free Report) last announced its earnings results on Wednesday, January 24th. The insurance provider reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.10. The business had revenue of $3.22 billion during the quarter, compared to analysts' expectations of $2.70 billion. W. R. Berkley had a net margin of 11.38% and a return on equity of 19.03%. The firm's revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 earnings per share. On average, analysts expect W. R. Berkley to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

W. R. Berkley Stock Performance

Shares of W. R. Berkley stock traded up $0.13 on Tuesday, hitting $82.13. 1,050,746 shares of the company's stock were exchanged, compared to its average volume of 1,182,891. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market capitalization of $21.07 billion, a PE ratio of 16.18, a PEG ratio of 1.53 and a beta of 0.57. W. R. Berkley has a 1 year low of $55.50 and a 1 year high of $89.18. The company has a 50-day simple moving average of $84.43 and a 200-day simple moving average of $75.44.

W. R. Berkley Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, March 4th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, March 1st. W. R. Berkley's dividend payout ratio is presently 8.70%.

Institutional Trading of W. R. Berkley

A number of institutional investors have recently bought and sold shares of WRB. Clear Street Markets LLC lifted its stake in W. R. Berkley by 92.3% in the first quarter. Clear Street Markets LLC now owns 398 shares of the insurance provider's stock worth $25,000 after acquiring an additional 191 shares during the period. Resurgent Financial Advisors LLC purchased a new position in W. R. Berkley during the fourth quarter valued at approximately $32,000. First Manhattan Co. raised its stake in W. R. Berkley by 50.0% in the first quarter. First Manhattan Co. now owns 486 shares of the insurance provider's stock worth $32,000 after buying an additional 162 shares in the last quarter. Atlas Capital Advisors LLC purchased a new stake in W. R. Berkley during the second quarter worth $49,000. Finally, Federated Hermes Inc. bought a new stake in W. R. Berkley during the 1st quarter valued at $78,000. 68.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WRB has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on W. R. Berkley from $86.00 to $95.00 and gave the company a "buy" rating in a research note on Friday. Royal Bank of Canada lifted their target price on W. R. Berkley from $73.00 to $79.00 and gave the company a "sector perform" rating in a research note on Thursday, January 25th. UBS Group upped their price target on W. R. Berkley from $81.00 to $93.00 and gave the stock a "buy" rating in a research note on Tuesday, January 30th. BMO Capital Markets boosted their target price on shares of W. R. Berkley from $71.00 to $81.00 and gave the stock a "market perform" rating in a report on Friday, January 26th. Finally, Keefe, Bruyette & Woods raised their target price on shares of W. R. Berkley from $85.00 to $88.00 and gave the company a "market perform" rating in a research note on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $89.22.

W. R. Berkley Company Profile

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines.